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Gbpusdanalysis

gbpusd me The British pound sterling (GBP) to US dollar (USD) exchange rate is trading lower today. Sterling is being pressured by ongoing uncertainty around Brexit negotiations between the UK and EU. The trade deal deadline is fast approaching with little progress made so far. The US dollar is gaining some haven demand as rising coronavirus cases in Europe threaten the economic recovery. More lockdowns could be imposed which would slow growth. However, the dollar is facing headwinds from the lack of a US fiscal stimulus package. Democrats and Republicans remain far apart on agreeing another round of pandemic relief spending. On the data front, today's US jobless claims figures came in higher than expected, underscoring weaknesses in the labor market. However, the underlying trend remains downward. Looking ahead, traders will be closely watching any Brexit updates from talks between UK Prime Minister Boris Johnson and EU Commission President Ursula von der Leyen later today.
Short
by NASAKOM
Gbpusd buy analysis Read the caption The Pound Sterling drops during the North American session by 0.20% following a positive UK inflation report that showed prices are slowing down. At the time of writing, the GBP/USD trades at 1.2565 and tests the important 200-day moving average (DMA) after hitting a high of 1.2611. GBP/USD tests key 200-DMA support level sponsored by investors trimming odds for Fed rate cuts The US economic docket featured Federal Reserve speeches by the Chicago Fed President Austan Goolsbee and Governor Christopher Waller. Goolsbee said that inflation is coming down and added that current policy is restrictive. He said that rate cuts should be tied to confidence that inflation is on the Fed’s path. Gbpusd buy now 1.25452 Confirm Target 1.26504
Short
by FxJohnson
GBPUSD LONG TERM BUYING IDEAHello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Chart
Long
by ForexPlanet20
GBPUSD Analysis Read The Caption After closing in negative territory on Tuesday, GBP/USD continued to push lower in the European session on Wednesday and touched its lowest level in over a week below 1.2550. The near-term technical outlook suggests that the pair has more room on the downside before turning technically overbought. January Consumer Price Index (CPI) readings from the US triggered a US Dollar rally in the American trading hours on Tuesday and caused GBP/USD to decline sharply. On a monthly basis, the CPI and the Core CPI, which excludes volatile food and energy prices, rose 0.3% and 0.4%, respectively. Both of these reading came in above analysts' estimates and provided a boost to the USD. CONFIRM TARGET 1.24008
Short
by olivia_Liam_Analysis
GBPUSD analysis read the caption After closing in negative territory on Tuesday, GBP/USD continued to push lower in the European session on Wednesday and touched its lowest level in over a week below 1.2550. The near-term technical outlook suggests that the pair has more room on the downside before turning technically overbought. January Consumer Price Index (CPI) readings from the US triggered a US Dollar rally in the American trading hours on Tuesday and caused GBP/USD to decline sharply. On a monthly basis, the CPI and the Core CPI, which excludes volatile food and energy prices, rose 0.3% and 0.4%, respectively. Both of these reading came in above analysts' estimates and provided a boost to the USD. GBPUSD sell Now 1.25613 Confirm Target. 1.24524
Short
by FxJoseph_7
GBPUSD → SELL| SETUP → Day Trading AnalysisHello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
3
GBPUSD Technical Analysis and Trade IdeaGBPUSD demonstrates increasing bearish pressure across monthly, weekly and daily timeframes. The breakdown of market structure on each timeframe supports a bearish bias, which we explore in the accompanying video. While a recent retracement hints at a potential short entry, upcoming high-impact data releases for both GBP and USD warrant caution. Strategic Approach: - Patience: It's prudent to observe how the market responds to significant news events before committing to a trade. - Reassessment: Once volatility subsides, re-evaluate the technical landscape for potential short setups in line with the prevailing bearish trend. Important Disclaimer: This analysis serves educational purposes only and should not be considered financial advice. Independent research and thorough risk management are essential before executing any trades.
Short
by fxtraderanthony
GBPUSD - Expect retracement ✅Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we have the same scenario as on EURUSD, we are bearish, but for now I expect price to continue the retracement to fill the imbalance. My target is bearish order block around 1.27500. Fundamental news: Tomorrow we will see results of monthly and yearly CPI on USD. On Wednesday we'll see results of yearly CPI on GBP and on Thursday we'll have Retail Sales on USD. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
10
Preparing for markets to overreact to US inflation? Preparing for markets to overreact to US inflation? The week has started slowly in FX, largely attributed to the closure of most Asian markets for New Year holidays. But this quiet period is likely coming to an end, driven by the impending release of U.S. inflation data on Tuesday, followed by UK inflation data the following day. Projections are for a decline in the annual US headline CPI to 2.9% in January from the previous month's 3.4%, with the core gauge expected to show a more moderate decrease to 3.7% from 3.9%. A potential downside surprise in US CPI figures could send UD dollar pairs lower, on heighted expectations for a March rate cut. On the 4hr chart, the GBPUSD is sitting at the 50-day moving average. A significant move to the upside could see the 200-day moving average come into view, with this level coinciding with the upper ATR band. Although, a question I have is whether it is really likely to move the dial toward a Fed March rate cut? Either way, this might not stop the market from getting its hopes up for the sake of feeling something, like a couple that picks fights just to feel anything other than boredom.
by BlackBull_Markets
GBPUSD I Potential bearish continuation Welcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
4
GBP/USD Shorts from 1.27400 pro trend idea.My previous scenario (A) for GU unfolded precisely as expected, with the bullish reaction aligning perfectly with the marked demand zone. This week, I anticipate further upward movement towards my supply zone (A) near 1.2400. My reasoning is that price will likely seek to address the significant imbalance in that area before initiating a downward move. Although not the closest point of interest, I also consider scenario (B), wherein price mitigates my 17-hour demand zone. This could trigger a temporary bullish reaction, potentially driving price to reach the marked supply level (A). Confluences for GU Sells are as follows: - Price has broken structure to the downside. - Major imbalance left below the supply level which needs to be filled. - Market trend is overall bearish on the higher time frame. - Aligns with the dollar (DXY) as that's moving bullish currently. - A clear 20-hour supply zone where I anticipate a Wyckoff distribution to take place. - Lots of liquidity to the downside in the form of equal lows and Asia lows. P.S. This idea is in line with the prevailing bearish trend, as price has broken structure to the downside, confirming its direction. Additionally, it aligns with the strengthening dollar (DXY), which I perceive to be on a bullish trajectory. Have a great week ahead guys and happy trading!
Short
by Hassan_fx
2